On Thursday, the Argentine national government conducted an auction for a vacant lot located at Acuña de Figueroa 981 in the Almagro neighborhood, and there were no bids placed on the property. The auction started with a minimum price set at US$425,683.80, and was held virtually through the official platform, SUBAST.AR. This auction was part of Public Auction No. 392-0104-SPU25, organized by the National State Property Administration Agency (AABE).

The lack of buyers for this property comes amid ongoing community demands for the city government to acquire the land. Local residents have been vocal about their desire for the lot to be used for public purposes, and in some cases, have even proposed legislation to ensure the land is put to beneficial use. This illustrates a significant disconnect between government efforts to privatize state property and the local community's wishes for that property to serve civic needs.

The failed auction raises questions about potential future efforts by the government to sell off similar properties, particularly in areas with active community engagement and opposition. As public interest in urban land management continues to grow, the Argentine government may need to reconsider its approach to selling public assets, taking into account the needs and desires of local residents to promote community welfare over profit-driven transactions.